NNRMLS was recently notified by NAR that the Federal Trade Commission has issued an alert on their blog about real estate-related phishing scams. Hackers have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. The scammer learns the closing date on a transaction and then sends an email (disguised as the agent) to the buyer, asking for a last-minute change instructing the buyer to wire closing costs to a different bank account (which belongs to the scammer). Read the full FTC post here, which has ideas to help you avoid phishing scams.
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